Altcoins News

Story: Toncoin Price Tests Key Resistance as Bulls Eye Breakout Toward $4.00

By Maheen Hernandez

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Toncoin Holds Above All Major EMAs. At the time of writing, Toncoin (TON) trades at $3.556 within a rising channel on the 4-hour chart.

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Daily Chart: Liquidity and Supply Zones. On the daily timeframe, Toncoin is approaching a “strong high” liquidity area near $3.

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Key Support Levels. The strongest support sits between $2.90–$3.00, aligning with the 200-day EMA and a previously…

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On-Chain Flows Suggest Accumulation. On-chain data from August 14 revealed a net outflow of -$3.33 million while TON traded at $3.565.

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Short-Term Scenarios

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Outlook: Bulls Maintain Control. Toncoin’s ability to reclaim all major EMAs, sustain a rising channel, and hold near multi-week…

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Toncoin is trading in a bullish setup as it presses against the critical $3.55–$3.65 resistance zone. A decisive breakout could open the way for a rally toward $3.75–$4.

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At the time of writing, Toncoin (TON) trades at $3.556 within a rising channel on the 4-hour chart. All major exponential moving averages (EMAs) — the 20-EMA ($3.459), 50-EMA ($3.

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This alignment is a hallmark of bullish momentum, providing a layered support structure. Any dips into the $3.297–$3.

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The $3.55–$3.65 range has acted as a firm ceiling since late July, producing multiple rejection wicks near the upper channel boundary. A breakout above $3.65 could unlock the $3.

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Technical indicators support this bullish view: the Relative Strength Index (RSI) is at 63.20, comfortably above its signal line at 58.

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On the daily timeframe, Toncoin is approaching a “strong high” liquidity area near $3.64 — a level where breakout orders often cluster.

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Daily resistance mirrors the lower timeframe levels at $3.55–$3.75. Beyond $4.00 lies a supply zone extending toward $5.

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The strongest support sits between $2.90–$3.00, aligning with the 200-day EMA and a previously tested demand zone. As long as Toncoin closes daily candles above $3.

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A break below $3.00, however, would indicate structural weakness and could trigger a decline toward $2.70.

The Currency Analytics

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